Retail sales and industrial production slow down in China

Retail sales and industrial production in China grew by 10.3% and 6.2% year-on-year, respectively, up to October, which represents a setback compared to the growth of the three first quarters, according to official data published today.

Beijing, Nov 14 (EFE) .- Retail sales and industrial production in China grew by 10.3% and 6.2% year-on-year respectively, up to October, which represents a setback compared to the same period last year. growth of the first three quarters, according to official data published today.

At the end of September of this year, the retail trade accumulated an annual increase of 10.4%, while that the production of the Asian country's industry registered an increase of 6.6%.

Retail sales reached the value of 29.74 billion yuan (4.48 billion dollars or 3.84 trillion euros), driven by the rise in online purchases, which in turn picked up 34% year-on-year through October.

In this same period, sales in rural areas they increased 12%, two points more than in the urban areas of the country.

The National Statistical Office (ONE) of China also published today figures for investment in fixed assets, which recorded an increase of 7.3% year-on-year at the end of October, to 51.78 trillion yuan (7.8 trillion dollars or 6.7 trillion euros). registered until September.

Investment in infrastructure continued to rise at a sustained pace, with a growth of 19.6% in the first ten months of the year, boosted by investment in public facilities and in road transport.

Of the total investment in fixed assets, 60.6% came from the private sector, which allocated a total of 31.37 billion euros. yuan (4.73 trillion dollars or 4.05 trillion euros) to this asset class in the period.

Finally, the ONE today released the investment data in the real estate sector in China, that rose by 7.8% until October, slowing down compared to the 8.1% registered at the end of September.

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